Hirequest Stock Market Value
| HQI Stock | USD 12.35 0.31 2.57% |
| Symbol | Hirequest |
Hirequest Price To Book Ratio
Is Hirequest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hirequest. If investors know Hirequest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hirequest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.65) | Dividend Share 0.24 | Earnings Share 0.47 | Revenue Per Share 2.758 | Quarterly Revenue Growth 0.212 |
The market value of Hirequest is measured differently than its book value, which is the value of Hirequest that is recorded on the company's balance sheet. Investors also form their own opinion of Hirequest's value that differs from its market value or its book value, called intrinsic value, which is Hirequest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hirequest's market value can be influenced by many factors that don't directly affect Hirequest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hirequest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hirequest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hirequest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hirequest 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hirequest's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hirequest.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Hirequest on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Hirequest or generate 0.0% return on investment in Hirequest over 30 days. Hirequest is related to or competes with ExlService Holdings, WNS Holdings, Gartner, Hackett, Genpact, CACI International, and Perficient. HireQuest, Inc. provides temporary staffing solutions in the United States More
Hirequest Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hirequest's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hirequest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 5.06 |
Hirequest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hirequest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hirequest's standard deviation. In reality, there are many statistical measures that can use Hirequest historical prices to predict the future Hirequest's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hirequest's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hirequest Backtested Returns
Hirequest holds Efficiency (Sharpe) Ratio of -0.0966, which attests that the entity had a -0.0966% return per unit of risk over the last 3 months. Hirequest exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hirequest's Standard Deviation of 2.37, market risk adjusted performance of (0.17), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.93, which attests to possible diversification benefits within a given portfolio. Hirequest returns are very sensitive to returns on the market. As the market goes up or down, Hirequest is expected to follow. Hirequest has an expected return of -0.22%. Please make sure to check out Hirequest skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Hirequest performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Hirequest has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hirequest time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hirequest price movement. The serial correlation of -0.79 indicates that around 79.0% of current Hirequest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Hirequest lagged returns against current returns
Autocorrelation, which is Hirequest stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hirequest's stock expected returns. We can calculate the autocorrelation of Hirequest returns to help us make a trade decision. For example, suppose you find that Hirequest has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hirequest regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hirequest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hirequest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hirequest stock over time.
Current vs Lagged Prices |
| Timeline |
Hirequest Lagged Returns
When evaluating Hirequest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hirequest stock have on its future price. Hirequest autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hirequest autocorrelation shows the relationship between Hirequest stock current value and its past values and can show if there is a momentum factor associated with investing in Hirequest.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hirequest in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hirequest's short interest history, or implied volatility extrapolated from Hirequest options trading.
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Complementary Tools for Hirequest Stock analysis
When running Hirequest's price analysis, check to measure Hirequest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hirequest is operating at the current time. Most of Hirequest's value examination focuses on studying past and present price action to predict the probability of Hirequest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hirequest's price. Additionally, you may evaluate how the addition of Hirequest to your portfolios can decrease your overall portfolio volatility.
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Hirequest technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.